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Level 1
June 2, 2019
Solved

Does turbo tax (or the IRS) automatically take out the money I owe, from my bank account?

  • June 2, 2019
  • 3 replies
  • 55 views
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Best answer by Irene2805

Yes - If you set it up, the IRS can directly debit your bank account for your tax balance due.  You can indicate this when you go through the FILING section of TurboTax.

3 replies

Irene2805Answer
Level 15
June 2, 2019

Yes - If you set it up, the IRS can directly debit your bank account for your tax balance due.  You can indicate this when you go through the FILING section of TurboTax.

Level 2
April 15, 2022

I can’t remember if I chose automatic deduction for what I owe like I wanted too.. how do I find out if I did?

Level 15
April 15, 2022

You can verify if you chose direct debit by downloading/printing a copy of your tax return. Once you've done that, you can find this information on your TurboTax Electronic Filing Instructions page, Federal Information Worksheet Part V, and the State Information Worksheet, Part VII.

 

Please follow the below steps to view/print your tax return in TurboTax Online:

 

  • Sign back into your TurboTax online account 
  • Scroll down and click "Add a State"  (This is just a way to get you back into your tax return)
  • Next select "Tax Tools" (left column) and then "Print Center"
  • Select "Print, save, or preview this year's return"
  • Check the boxes for your Federal and State returns (this will open further options)
  • Choose to include the government and TurboTax worksheets 
  • Then click "View or Print Forms".

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